Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On CNBC's "Options Action," Carter Worth said that shares of Johnson & Johnson (NYSE:JNJ) have tripled the S&P 500 since 1977. The stock is the eleventh largest in the index, he mentioned.
However, looking at the past 10 years, Johnson & Johnson is trailing the S&P 500 by 50%, Worth said. Johnson & Johnson’s stock has been trading in a channel, it seems to be in the middle of this channel, and is likely to reach the top, he stated.
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Johnson & Johnson’s stock is “now toying with the prospect of breaking out above a former high,” Worth said. “That high was back in August at $180. The stock is right now at $177, and I think it’s going to break out,” he added.
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Photo: Coutesy of Tim Reckmann on Flickr
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.